US stocks close lower, but log weekly gains

US stock indices closed lower on Friday, after the release of the monthly jobs report, but Wall Street managed to post weekly gains.

The US Department of Labor reported today that the economy has added 194,000 new jobs in September, missing forecasts of 490,000. 

The unemployment rate fell to 4.8% from 5.2% in September, better than forecasts of 5.1%.

The US Senate voted on raising the country's debt ceiling by $480 billion, which means continuing to fund the government until early December.

To the oil market, WTI crude November futures rose 1.3% or $1.05, and closed at $79.35 a barrel, and posted a weekly gain of 4.6%.

Brent December futures rose 0.5% or 44 cents, and closed at $82.39 a barrel, with a weekly gain of 3.9%.

As for stocks, Dow Jones fell 0.1% or 8 points, and closed at 34,746, and posted a weekly gain of 1.2%, with a day high of 34,842, and a low of 34,661.

S&P 500 fell 0.1% or 8 points to 4,391 and posted a weekly gain of 0.8%, after hitting a high of 4,412 and a low of 4,386 points.

Nasdaq fell 0.5% or 74 points to 14,579, and registered a 0.1% weekly gain, with a high of 14,699 and a low of 14,569.